Samyang, which has been expanding its high-tech materials business since its 100th anniversary, will launch its battery materials business in earnest.
Samyang announced on March 26 that it has invested 3 billion won in Solid Ionics, a solid-state electrolyte development and production company. Samyang’s investment totaled 5.9 billion won if an investment of 2.9 billion won made in 2020 is included.
This investment has enabled Samyang to secure solid-state electrolytes and lithium sulfide, main materials for all-solid-state batteries.
Solid Ionix is preparing for volume production of solid electrolytes for sulfide-based all-solid-state batteries. The company is currently in the final stage of product commercialization and will complete a 1,200-ton-per-year sulfide-based solid-state electrolyte production plant in Ulsan, Korea by 2027.
“We plan to use this investment as an opportunity to break into the all-solid-state battery materials business and further expand our business portfolio to include the battery materials sector,” said Kang Ho-sung, CEO of Samyang.